Expecting FDI to increase to USD 100 bn/annum in coming years: DPIIT Secy

Expecting FDI to increase to USD 100 bn/annum in coming years: DPIIT Secy

New Delhi: India is receiving foreign direct investments (FDI) of USD 70-80 billion ever year and is expected to hit USD 100 billion per annum in the coming years, a top government official said on Wednesday. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Amardeep Singh Bhatia said the department is … Read more

tyres: DPIIT steps led to investment commitments of over Rs 1100 cr from global tyre makers

tyres: DPIIT steps led to investment commitments of over Rs 1100 cr from global tyre makers

Leading global tyre makers such as Bridgestone, Michelin and Goodyear have committed investments worth over Rs 1,100 crore in India after the DPIIT temporarily allowed them to import certain tyres to the country, an official said. The official said that the import restrictions on ‘New Pneumatic Tyres’ were relaxed for certain global players that were … Read more

tyres: Mandatory quality control norms for 70 sizes, types of tyres from next year

tyres: Mandatory quality control norms for 70 sizes, types of tyres from next year

Around 70 types and sizes of tyres, manufactured by more than one company, will come under the mandatory quality control norms from March next year. The Department for Promotion of Industry and Internal Trade (DPIIT) will soon notify these tyres, based on the recommendation of an inter-ministerial committee, officials said. The department will notify an … Read more

Govt to exclude 70 sizes, types of tyres from exemption list of mandatory quality control norms

Govt to exclude 70 sizes, types of tyres from exemption list of mandatory quality control norms

New Delhi: As many as 70 types and sizes of tyres that are manufactured by more than one company will come under the mandatory quality control norms from March next year, an official said. The official said as the norms would kick in from March 2025 both the industry and the associations will get a … Read more